Skip to comments.The phenomenal success and insularity of South Asians flooding the American financial sector
Posted on 04/20/2011 11:51:11 PM PDT by Bridge_toofar
The trial of hedge-fund billionaire Raj Rajaratnam has riveted the financial world and shined a light on the phenomenal success and insularity of the Indians, Pakistanis, Bengalis, and Sri Lankans flooding the American financial sector, writes Gary Weiss. Following every financial collapse, a cast of Wall Street bad guys invariably parades through the dock, from Depression-era thief Richard Whitney to junk-bond king Michael Milken to Ponzi schemer Bernie Madoffmedia-saturated jaunts down the Via Dolorosa calculated to reassure the public that the financial markets are being policed, even though theyre not. This week, its the somber, bespectacled, self-made billionaire Raj Rajaratnam on display, as the biggest insider trading trial in decades heads to the jury.